Cherkizovo’s founders increase ownership share

The founding family of Russia's largest meat producer, Cherkizovo Group, have increased their ownership share in the company by 1.7 pp, from 62% to 63.7%.

"Our decision illustrates our confidence in Cherkizovo's future," said Sergei Mikhailov, Cherkizovo CEO and shareholder. "After a very challenging 2013 we see a very strong growth potential, that is not yet, in our view, fully reflected in our share price".